https://www.taxtmi.com/caselaws?id=182649 Modvat credit was treated as admissible where a loan licencee received inputs directly in its factory for use in manufacturing pharmaceutical products for principal manufacturers, even though the invoices were made out to those principal manufacturers. The Tribunal followed its earlier view that credit is available when goods are purchased for and supplied directly to the manufacturer, and it rejected the objection based solely on the invoice names. The principal manufacturers' exemption from registration under Rule 174, by Notification No. 27/92-CE dated 9 December 1992, did not defeat the assessee's entitlement to credit on these facts. en-us Tue, 01 Apr 2003 00:00:00 +0530 Mon, 16 May 2016 16:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182649 Modvat credit was treated as admissible where a loan licencee received inputs directly in its factory for use in manufacturing pharmaceutical products for principal manufacturers, even though the invoices were made out to those principal manufacturers. The Tribunal followed its earlier view that credit is available when goods are purchased for and supplied directly to the manufacturer, and it rejected the objection based solely on the invoice names. The principal manufacturers' exemption from registration under Rule 174, by Notification No. 27/92-CE dated 9 December 1992, did not defeat the assessee's entitlement to credit on these facts. Case-Laws Central Excise Tue, 01 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182649